A custom indicator is a tool created using MQL5 programming to suit your unique trading strategy and needs.

What is a Custom Indicator in MetaTrader 5?

Step 1: Open MetaEditor

Fill in some text

Open MetaEditor from the MetaTrader platform to begin writing your custom indicator code.

Set the indicator’s name, description, and key parameters, like the time period or data sources.

Step 2: Define Your Indicator Parameters

Use MQL5 programming language to define how your custom indicator calculates values and provides signals.

Step 3: Write the Code

Backtest your custom indicator to ensure it performs as expected and adjust as needed.

Step 4: Test Your Indicator

Check FNB forex rates before making an international transfer to ensure you’re getting the best value for your money.

Step 5: Use Your Indicator in MetaTrader